it's the most anticipated ipo since facebook. twitter stock could now be yours for 40-some odd dollars a share. twitter started public trading at $26 a share. the initial price was 73% higher than what twitter was priced at last night. here's how jim cramer described during the first trades this morning. >> it went from buy to hold to sell between 9:25 and now. >> the big question now is will the price hype deliver on its promises for investors? cnbc's julia boorstin sat down with the man of the hour, twitter ceo. >> we have a significant number of investments we want to make as we move down that path. investments in our distributed platform, investments in our twitter in tv strategy. we will continue investments in our product infrastructure for mobile testing suites. we'll continue to make those investments in the growth of the core business for the

foreseeable future. we're investing for the long term. we think this is a long-term company, a company that for which there is a fantastic use case for every person on the planet. >> julia boorstin joins us now from san francisco. julia, it was a great interview. now, walk us through what's happening with the ipo as of right now. >> well, abby, as you mentioned, twitter's only been publicly traded for a couple of hours, but it's already had a massive run. it opened over 70% higher from where it was priced last night at $26 per share. now it's trading in the mid-40s. at one point soon after it started trading, it even hit $50 a share. now, it's worth keeping in mind that that $50 or that $46, that's up from an already raised pricing range. the stock keeps on getting pushed up and up.

twitter's current evaluation is bigger than 337 companies in the s&p 500. it's also bigger than another social media giant. linkedin is roughly a $25 billion market cap. unlieke linkedin, twitter is no yet profitable. that means all these investors aren't buying share from the current company. right now the company has generated -- but they're not buying it because of that, rather because of its future potential profits and that promise of growth. now, he really stressed the fact that the company is not profitable by design. right now it's in a phase of really investing to improve its product, to expand its international business and to start generating more revenue internationally and also to bring for content like video clips to the service. they've made some big deals with cbs and then nfl. the idea is the more premium

content like that they have on the service, the more valuable it will be for users and the more ads it will be able to show and more revenue down the line. >> all right, julia. great to see you. thanks so much. for more on twitter in 140 characters or less is business insider josh barrow. i'm joking about the 140 characters. that's only for ari. >> i'm up for a challenge. >> we know you are. but seriously, we need you to fill more time. >> twitter's ipo has seen a huge price hike. some might call that doing business in the open market. others are a bit more skeptical, including yourself. this is what you tweeted when an ipo is drastically mispriced like this, why don't the investment bankers involved in the pricing all get fired? josh, what's going on here? >> well, so the twitter ipo is priced at $26 a share, which is the price the insiders who got early access to the shares paid. all of the sudden today it's trading around $45 a share. that means the insiders at

twitter who sold about 10% of the company got $1.8 billion for something the stock market is now saying is worth more than $3 billion. that's $1 billion that the people who own twitter just lost. these ipos are supposed to be set up so that the price pops a little bit on the day that the stock is introduced. you need to give the insider buyers who are taking all this time to learn about a new company to give them an incentive to do that. you want the price to go up 10% or 15. . you don't want it to go up 73%. when this happens, everybody gets overjoyed. they're like, wow, this ipo was great. when facebook had its ipo and the stock struggled to hold the price at which it was offered, people talk about that like it was a disaster. actually, the facebook insiders got as much value as they possibly could. >> even taking a step backward from that, if you're not on twitter and not investing, this is still one of those really interesting days in american life because i think what's good about our capital markets is that you can get access to early

investing and go to the stock market here for a company that's got a lot of creativity but no profits yet. that's good. we're still in the overhang of this recession. i think that's a good macro factor and the way things work in our economy. yet, of course, there's a real caution here too. not only to what you're talking about, which is a different level of information and access that people have, which goes all the way out to mom and pop investors as well, but also sort of what happens if this company doesn't dop that well and how many other people stand to lose money over the long haul. >> well, if the company doesn't do as well as investors expect today with the price being driven up so high, then the stock price will be lower. this is not a pets.com situation or the situation we tended to have in the late '90s where you had companies that were not profitable and never could be, selling at huge prices because of hype then you had a big crash. twitter isn't profitable yet, but it's clear it will be in a couple of years. it's having huge revenue growth. they'll have twice as many sales this year as last year.

then it's expected to have twice as many sales next year as it has this year. it's pretty clear that within two or three years they'll be making money. the question is just how much money. but it is a good thing there are investors who are playing the long game here. in 2006 when twitter started, it wasn't at all clear how they could be profitable, but people thought this was a good idea that customers would want, then you'd be able to figure out a revenue model for it and they have. >> let's dig into why and how twitter is going to be profitable because a lot of people, especially twitter users, are like, how does this thing make money? it's not like google where there's ads all over the place. advertising, of course, will be the main reason why they're going to be super profitable. some of the major tech folks are saying twitter is the most interesting company in advertising right now because of their recent acquisition of mo-pub, which is the world's largest mobile ad exchange. it's going to put them on the front end of two major trends. a major guy at twitter spoke about this. the rapid shift toward consumers

using mobile and the industry shift toward programmatic buying so that the major trends in the ad world are going in twitter's direction. >> yeah, i mean, the main way twitter makes money is through promoted tweets. that's where when you load up your main page, you see a tweet some company paid to have put there. if you're tweeting about the iphone, they give you promoted tweets, either for competitors of the iphone, like from samsung and microsoft. because the ads can be properly targeted towards users interested in them, the advertisers are willing to pay more for that and the users may find that to be a valuable part of the experience. they're being shown ads for things they might want to buy. twitter also makes money by allowing companies to pay to have trends created. you can see on, you know, what's trending on twitter today. people are talking about miley cyrus or whatever. if you pay about $200,000, you can have your company's topic put in there and it's clearly marked as being something that's sponsored. they also make suggestions to you that are promoted.

so if they think you might be interested in toyota, that might be shown to you that you might want to follow the toyota account. this does seem to be working. it's generating this strongly growing stream of revenue. >> and josh, right now twitter, for those of us who use it, it seems like such a part of our life that's going to be there essentially indefinitely. but before there was a facebook. there was a myspace. do you think there's any special protection twitter has from another similar service taking their place or do you think five years from now there could be something else that we think is even better than twitter? >> well, i mean, this landscape changes a lot, so i don't know. i'm a very devoted twitter user. >> you're an awesome twitter user. >> you're good at it, josh. >> i appreciate that. i think the one thing that's a protection for them that's a protection for any kind of company in this space is the thing that's so valuable to me about twitter is that the people i want to interact with are also on twitter. if someone came out with another microblogging service that i thought was better structured or something and i tried to move over to it, i can't take all my

followers over there with me. it is somewhat sticky. >> as you well know, josh, there's lots of people that we don't want to interact with who are on twitter. >> you can block them. >> toure is not one of those. josh barro, thank you for keeping it tight and precise in honor of twitter. ari wasn't so capable of doing that. up next, the elephant in the room. "time" magazine's words, not ours. "the cycle" rolls on for thursday, november 7th. and after last night's cmas, i'm feeling a little country. how about you? >> nope. i started part-time, now i'm a manager.n. my employer matches my charitable giving. really. i get bonuses even working part-time. where i work, over 400 people are promoted every day.

healthcare starting under $40 a month. i got education benefits. i work at walmart. i'm a pharmacist. sales associate. i manage produce. i work in logistics. there's more to walmart than you think. vo: opportunity. that's the real walmart. was a truly amazing day.ey, without angie's list, i don't know if we could have found all the services we needed for our riley. from contractors and doctors to dog sitters and landscapers. you can find it all on angie's list. join today. at any minute... ...you could be a victim of fraud. most people don't even know it. fraud could mean lower credit scores... ...and higher interest rates when you apply for a credit card. it's a problem waiting to happen. check your credit score, check your credit report, at experian.com. america's number one provider of online credit reports and scores. don't take chances. go to experian.com.

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you have to have a huge ego, right? oh, please, it's such a burden for you to be speculating about me being the leader of the free world. stop, i'm so burdened. i mean, you know, that's a pretty huge ego to be complaining about that. it's complimentary. it's flattering. and i have no problem with it. >> that is one example of the massive political talent of one chris christie, whose gigantic victory in new jersey has him on the top on pundit's prediction lists for 2016 and on the cover of "time" magazine this week. in a party where screaming purebloods rule, christie is betting that a screaming mudblood can redirect the

furies. yes, big chris will need all his talent and charisma to steer the titanic that is the gop past an iceberg called hillary clinton because he's an ideological outlier in the modern gop. look at the scientific breakdown of major gop figures on a conservative scale. christie is far to the left of everyone else. this doesn't even express how far to the left -- even far to the left of this guy, john -- how do you pronounce his name? i'm going with huntsman. christie is practically center-center. michael, how does christie fare in a gop primary when there's so much room to his right he makes center-right folks look like barry goldwategoldwater, and he actually hugged barack obama? >> well, he's going to have a rough go of it. his theory is the republican party hasn't fundamentally changed from where it was two years ago, six years ago, ten years ago. what that means is it'll be a very trying, very difficult primary process.

there will be a lot of purity tests he will fail. there will be a lot of contenders in iowa and south carolina, a lot of voters who vote against him. but in the end, the republican party will, as they have in the past, get behind the guy they think has the best chance of winning, like john mccain, who wept through this murder board, like mitt romney. mitt romney is not the first guy to look at running for president who has problems on guns or abortion or who's raised tolls in his state when he was governor. it's not like he'd be the first one coming at this. the question is whether over the last year or two we've seen a real shift in the republican party so it's going to move away from its historical pattern and go for something more pureblood. >> michael, i read your article. it didn't focus a lot on what he's done in office on the economy. other articles may in time do that. a lot of the media coverage in general, including us, we cover a lot of 2016 stuff. if we dive in for a minute,

because i know you've covered him a lot, he has presided over tremendous cuts at home in new jersey. cutting family care, $100 million. that's their local program for health care for poor people. eliminated after the three, a great new jersey program that tried to give low-income students a place to go after school, $100 million from city programs that were for some of the poorer cities. cuts to medicaid. okay, this is a guy -- i could go on. we don't have the time. >> you're such a liberal. >> if there's one thing in common with every program i just mentioned, it's that it was for poor and middle-class people in his state. he was re-elected with the votes of some of those people. if we look at policy, aside from politics, this is a guy who goes after some of the poorest citizens in his state with his budget priorities. >> well, yeah, that probably helps him in a republican primary. his experience cutting budget is

something he will run on. in a general election, it probably will become more of a liability, but it's also fair to say that chris christie is entering a job in new jersey where the basic mechanics of that job are you just ignore your budget problems and push them off. it's not as if chris christie is making those cuts because, you know, the state is flush. the state has been in enormous financial difficulty for decades. governors have been pushing off the problem. it's true, he did face a choice. if a democrat had been in that position, he probably would have seen a tax increase, probably target the wealthy. he took a different tact. it's also worth saying, you know, 29%, i think, in the exit polls of people who identify themselves as liberals voted for this guy. he's been able to do it in a way that hasn't alienated that constituency. >> and christie is someone i find pretty fascinating as a politician. on one hand, he has this commanding executive style that

can straight talk washington out of its nuttiness. on the other hand, he can come across brash, self-deprecating, at times egotistical and a little bully like. here are just a few examples. >> if you address yourself like that in a courtroom, your rear end is going to get thrown in jail. you're a real big shot. i don't ask you where you send your kids to school. don't bother me about where i send mine. i heard you. okay, next question. >> when i said a little bullyish, it was obviously an understatement. he made it clear yesterday in a press conference that this style is not going to change. it's one that many folks in new jersey like. how do you expect this brand to play around the nation? >> i think it's actually a terrific political act in a time where we don't really have many politicians with great political performances. he's been able to do it in new jersey. will it work nationwide? the question is, are the american people pretty upset right now? do they want someone to come to washington and knock heads? i think there's a lot of anger

out there that has over the last several years been channelled in very ideological ways. christie's premise is i can rechannel that anger in a pragmatic way, and i'll do it by way of my own personality, by way of this character he's created. he's sort of the bully with a big heart. he'll call somebody an idiot and talk about how much he loves his mother in the next sentence. and he claims to be totally straight up, talks straight to the camera, says i'm never going to change. i mentioned in the story that at the end of his campaign just now in new jersey, people would call out at rallies, we love you, or i love you. when barack obama hears that, he always says i love you back. when chris christie heard it, he said, good, because i can't change. it's a character he's very much created and has real potential. >> well, another part of his strategy we're seeing is some people expect it after he won the election in new jersey to make sort of a hard turn to the right. i would expect a couple years

from now liberals and democrats are not going to feel as fondly towards him as they did when he was hugging barack obama. but he, for example, said he's going to go to south carolina and help lindsey graham in his republican primary. seems like his strategy is going to be, to be the sort of pragmat pragmatic, sane, alternative to folks like ted cruz, marco rubio, rand paul, et cetera. he's betting there's enough appetite for that in the gop primary to get him through. >> in the gop after you get through those first few states, i think that's right. he calls them college professors, the people who just like to talk about ideas. >> which i think is brilliant. republicans are not big on college professors. >> that's right. and i think they are in a stage where a good chunk of them want to start winning again. they can do that in these jer gerrymandered districts pretty well, but they don't have anybody showing them a path to do it in a presidential election year where you're going to of a democrat on the ticket who's going to get a lot of democrats.

you're going to have 31% of the liberals voting for the republican. it will be a very close election. you're going to have a very different electorate. i think one of the undercover parts of this election in jersey is he won 60% of that election. even with that result, it's not at all clear that verse democrat "x" in 2016 he would win the state. the population voting will be so different. >> and hillary wasn't on the ballot in jersey. he wasn't exactly running against the toughest "d." >> and someone basically abandoned by her party. he didn't have a real opponent. >> absolutely. yesterday you pointed out that chris christie got 20% of the black vote. i thought that was incorrect. that was correct. but this shows how pathetic the gop is. they lose black people 80 to 20, and they're celebrating. oh, my god, here's the savior of the gop. michael, thank you very much. up next, a new development today in what one activist heralds as the gayest year in gay history. [ male announcer ] this is brad.

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the news cycle begins with a major decision that will affect what we eat. the food and drug administration is banning transfats from grocery stores and restaurant menus. scientists have long warned that transfats can raise levels of so-called bad cholesterol, thereby raising the risk of heart disease. the widow of former palestinian leader yasser arafat is demanding justice this afternoon. she is responding to what she says is new evidence that indicates he may have been assassinated, in fact, poisoned. officials have long alleged that was actually the case and that israel was behind it. israel, for its part, has long denied that charge. this next story literally stopped us in our tracks today. a cancer patient who would be more than understandably down on

her luck chose instead to dance. this is debra cohen in the operating room with her nurses and surgeons right before she underwent a double mastectomy. for six minutes, they shake it to beyonce. debra wants others to record their videos as a source of inspiration. ♪ >> i love that. from one uplifting story to some uplifting breaking news in the push for equality. the senate has passed truly historic legislation to outlaw workplace discrimination against lbgt americans. all 55 democrats and a handful of republicans united to get this done. of course, this still has to get through the house, but it's a victory so we'll take it. potentially out of hawaii and

north carolina new mexi new mexico in the coming days, the nation seems to be rapidly accelerating towards equal rights. thomas roberts is in russia gearing up to host the miss universe pageant as an openly gay man. first, we want to get your reaction to something i know you're passionate about here at home. the senate's decision to outlaw workplace discrimination. just to think, two decades ago congress rejected same-sex marriage. attitudes are obviously quickly evolving toward gay rights. how important is this vote? >> well, it's extremely important, abby. i think we have to move forward as a country in leaps and bounds. as you point out, it wasn't that long ago that we had major steps in reverse. but as we look at where we are today and the senate has moved forward, we know it still has an uphill battle over in the house. meanwhile, this is something that has languished for a long time. we have openly gay members of

congress who are serving now openly, which i think makes a big difference. we certainly have major straight allies in america that would like to see something like this pushed forward. just seeing it passed through the senate doesn't mean it will be passed through the other side and live to see the light of day. >> thomas, what do you make of the somewhat scrambled politics on this? barring discrimination was suppose ed to be the easy step. gay marriage has thought to be more divisive for many religious and political reasons. yet, we're seeing more progress on marriage equality around the country than we are here on this federal ban. >> well, absolutely. we're seeing much more forward progress on marriage equality with illinois moving forward this week to allow that state, to allow same-sex marriage, to allow rights to lesbian and gay partners. but we still have a long way to go.

while we think about what edna is, it's basically a bs detector if homophobia. there really is no reason not to have something as simple as that in most of our every day lives now, especially since we know where the white house stands. we know where the supreme court stands. now we're watching like a domino effect state by state marriage equality going through. so it's only a matter of time before this actually happens. but i like to think of it as a little bs detector for homophobia. >> i think that's really well put. thomas, it is so awesome seeing you there in russia. i know there was some controversy about whether or not you should go, given the state-sponsored discrimination and really hate that they have now in russia. you hit the ground running. you're shining a spotlight on the problems that exist in the country. you interviewed a journalist who lost his job because he came out publicly as gay. let's take a listen to some of your interview.

>> i'm sitting at home without a job and actually without money. that's it. >> because of -- >> because i said that i'm gay, and i'm the same person like president putin and the prime minister. >> so you had just had enough. you were fed up. >> totally. >> and when you decided to make this public statement, did you think about the consequences that might come? >> sure. >> and how did you adapt to that line of thinking then if you knew that the consequences would be this -- >> because it's time. now is time to be open. i felt -- i thought that it was my attempt to russian gay

people, to russian people, to all russian people because it's not about gay rights, it's about human rights. >> what a courageous guy. what did you take out of that interview? >> well, i thought anton was a very courageous person, krystal, as you point out. hopefully you guys can see it in the interview. i found him to be incredibly conflicted in a sadness because this is a 38-year-old guy who was very popular as a political commentator and journalist here in russia working for a newly launched cable station but had a career prior to that. here's somebody that at 38 years old is basically starting over but starting over with new bravery and new courage in the fact that he's out and trying to make a change here for the good in russia. and basically what we've seen from this propaganda law is it's seeking a solution to a problem that doesn't exist. we experience this through our own american politics all the

time. so now it's up to lgbt russians and straight allies here in russia to come up with a cohesive voice to battle against that. and certainly international pressure is helpful and a cohesive voice internationally can maybe influence some sway, but it'll remain to be seen exactly what the russian people want to see done. it's just going to be a matter of time before we see more influential russians come out as lgbt, more straight allies come forward saying this law is erroneous and ridiculous. so it's a matter of time. just like us back in the states, we are slowly making that progress. we've made that progress as, you know, we bend toward quality and justice. we're not there, but we're seeing russia take a step backwards. but the sun will reemerge here. i feel confident about that. >> thomas, what has been your

personal experience while you've been in russia? have you experienced any homophobia yourself or any sort of vibes or just sort of the temperature of the world that you're in over there as an openly gay guy? >> no, i haven't. i certainly don't want to be a commercial for people thinking that homophobia doesn't exist in russia because we've seen very violent and very homophobic attacks that have happened on innocent individuals that have been demonized or victimized just by merely stating that they're gay. patrick is sitting right on my left. he's here. he's been with me all day. we're here together. we've been embraced by all of the people that we've been around. but i wouldn't want to send the message that we're not here on a different set of privileges. i'm here to host miss universe happening on saturday night. we did spend the day yesterday running around town, working with our moscow-based crew and doing interviews. but i understand i'm afforded a

different set of privileges because i'm here. but i think that just being visible and being here and proving, you know, so what, you think i'm an other, but i'm not. i'm just like you. i hope that's the message people get out of this. the miss universe stage is seen in 190 countries by a billion people. and forgive me. i'm been up since 7:00 a.m. local time, which is god knows what time back home. but i'm really excited that i got this opportunity and that i got to be here and that i got to stay up late enough to be on "the cycle" to be with all of you. >> well, we are thrilled you came on. to echo krystal's point, the msnbc family is so proud of what you're doing. we're so proud that you're over there and can't wait to watch the miss universe pageant. i have to have say, i know your nickname around the office here is superman. we all voted, including our wonderful hair and makeup team, that you're now dubbed mr. universe. congrats on that. i have to ask before you go how the search is going for nsa

leaker edward snowden is going. >> hold on. let me look at the bar. my search for edward snowden consist of looking at this bar. meanwhile, people smoke in russ russia. i don't know if you can tell how red my eyes are. smoke is everywhere. there's not enough open windows. i'll just say that. but i'm having a great time. >> he's the best. we love our thomas roberts. >> all right. thanks so much. coming up next, affirmative action for rich people? >> yep. >> it's already happening a the some colleges.

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george washington university recently admitted to using the background of perspective

students to decide who gets in and who gets wait listed. the problem, they're using the financial background. if you can pay, you get the edge. so let's be clear. even as the supreme court just tightened rules for affirmative action based on race, at least one college is defending its practice of giving preference to students based on their bank accounts. the more you can pay, the more likely you are to get in. in his latest article, our next guest writes, gw is not alone and it's because colleges are in a never ending endowment arms race, stuffing their coffers as best they can, even though student debt has eclipsed $1 trillion. joining us it the co-founder and president of our time, an organization fighting for the rights of young voters and future generations. matt, obviously one of the problems here with gw specifically is they lied about the fact that they were doing this, that they were giving preference to students who could pay. but what they're saying to the gw hatchet is that, you know, we don't have enough money to

provide financial aid for all the students we want to admit. so instead what we do is narrow down the group and offer them a larger financial aid package so they can actually get into the school. is there -- how would you advise them? what's a better approach for them? >> the question is besides the misleading component, is that actually happening? what a few college presidents have said is actually happening is if a college has $40,000 of money to give out, rather than give $40,000 to one student so that he or she can have a free year in college, they'll give eight $5,000 merit scholarships to eight wealthier students to can all afford to pay $35,000 rather than $40,000, which then gives the school $35,000 more revenue, eight times over again, which is a better business decision on the part of the school. but it doesn't fulfill their promise to incorporate

socioeconom socioeconomic. it's critical we get more people to enroll, especially from lower class backgrounds. >> absolutely. it doesn't help society at all. you point out in your article only 14% of students in the most competitive colleges come from the bottom half of the american income bracket. so -- and it's been that way for over two decades. so we are not increasing our diversity and we're making college increasingly something that perpetuates the lack of intergenerational mobility. >> and this is because colleges today are valuing prestige over their core mission statements. i mentioned in the op-ed that if you look at the mission statement of a college, it's always to created learned citizens who have civic responsibility. it's never about to let people into a country club that has world-class amenities that

spikes tuition costs so that we can have prestige and land up number one on the u.s. news and world report rankings. and that's the problem. more and more schools are tailoring their business models to get good rankings rather than to give fundamental access to affordable learning so they can get the skills necessary to get a job. >> they were pulling up the lad every behind us. >> and you have these colleges spending hundreds of millions of dollars on amenities it like dorm rooms. i just went back to my dorm. it's like night and day. they want to incentivize the top-tier students to go to their school. how do you help colleges focus more on values versus these amenities? >> the administration just proposed a measure called the college score card. in theory, it will help consumer choice. it's going to allow consumers to choose on what is the school that's going to give me the best

opportunity to get a job post-grad, what school will i emerge with the least amount of debt from, and can i get the most value for my buck with. that will allow people to choose better because right now they look at rankings and see, well, you know, this school is number one, but they're number one because if you look at how the u.s. news ranks schools, they say if you spend money and you're more selective, you end up higher on the list, which is why harvard and yale and princeton, shocker, have been number one on the list for decades now. rather, there are new ranking systems that are going to take place. the problem with the administration's proposal is that it doesn't kick in until 2018. i'm afraid that college lobbyists are going to water it down and then ultimately when he's out of office, well, the next president, president christie or president clinton -- >> whoa, whoa. >> maintain, you know, that kind of commitment to consumer choice. but colleges are lobbying against it because they just want federal money with no

strings attached to enhance their prestige. >> we know president clinton will do it the right thing. >> at the heart of all this is the question of affordability. you also outline a program in oregon that could potentially serve as a national model in terms of affordability. >> i couldn't be more excited about this program. this program is going to shift. it's a pilot program at the moment. it's called pay it forward. it's going to shift the financing model so there's no deficit financing for education. you get to enroll for college for free and then pay back 3% of your income for 24 years. so it's like a tax for going to school. but it doesn't allow you to leave school $27,000, the average amount of student loan debt, so your head is under water and you have to take the highest paying job possible as opposed to going into public service or any necessary field to serve the well being of the public interest. >> that sounds great. we'll have to check back in with you to find out how it's doing. matt, thank you so much. >> my pleasure. >> up next, looking at this from the school's perspective.

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private universities. stanford, harvard, et cetera. it doesn't need another one. it needs great public adversity. >> up until this year, he was chancellor of uc berkeley, addressing how to run a research university when state funding is plummeting across the board, how to retain quality professors to support students who can't always afford today's tuition, and draw funds from donors and corporations without sacrificing the university's mission. that's all part of the picture that emerges in a new documentary from fredrick weisman. his newest work premiers tomorrow. the first question is simple. the movie shows a campus trying to undergo a fairly big cultural transition. how hard is it to change a culture like that?

>> well, i'm no expert in cultural change. but what i saw at berkeley was an administration that was using their intelligence and sensibility sensibility to maintain the high standards and integrity of a great american university in the face of a very severe economic crisis. and certainly from what i saw they were succeeding in their efforts to have an excellent student body, a diverse student body, and to continue offering lots of scholarships to low-income students and trying to do something about finding money for middle class students whose families were squeezed as a result of the economic problems in the country. >> and, fredrick, how much do you think of what you saw at berkeley is going on at public universities across the country? >> well, that's certainly my

impression. i'm no expert on what's going on across the country, but there's an old expression, as goes berkeley, so goes public education in america, and, you know, from what i know, that seems to be true because berkeley always is recognized as the great public university in america, and what happens at berkeley is followed elsewhere in the country. >> mr. wiseman, you are widely considered the greatest documentarian of all time. please tell us what makes a great documentary. >> i don't know that there's any formu formula. a lot of hard work and trying to think about the subject and not -- i mean, i can only describe what i do, which is to start a film -- i start a film with absolutely no

preconceptions. i usually don't know much about the subject in advance. i spend 8 to 12 weeks at the place. i spent 12 weeks at berkeley. i accumulate a lot of footage, and then i spent a year trying to think through what the experience means to me, so the final film is a report on what i have learned rather than the imposition of preconceived views on the material. so what i learned about berkeley is what you see in the movie, and often times or some filmmakers start with an ideological base and impose their ideology on what they find. my way of working is the reverse. i try to keep my eyes and my large ears open to what i'm experiencing. >> right. >> and then think through what that experience has meant to me

in the form -- in the way that i edit the material and impose a form on the experience. >> right. and that comes through because this is a film where the people are speaking for themselves. fred wiseman, thank you so much for being here. up next, what women want according to abby huntsman. it isn't what the gop is currently serving. >> oh. my employer matches my charitable giving. really. i get bonuses even working part-time. where i work, over 400 people are promoted every day. healthcare starting under $40 a month. i got education benefits. i work at walmart. i'm a pharmacist. sales associate. i manage produce. i work in logistics. there's more to walmart than you think. vo: opportunity. that's the real walmart. on the table by not choosing the right medicare d plan. no one could have left this much money here. whoo-hoo-hoo! yet many seniors who compare medicare d plans realize they can save hundreds of dollars. cvs/pharmacy wants to help you save on medicare expenses.

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how does the saying go, krystal? behavior of tware of the woman female trends or is it you can't trust a woman with no female friends. but what are we to say about a man who apparently has no female friends? >> like ari? >> i was thinking more like ken

cuccinelli. he sure could have used more female friends on tuesday. he ended up losing the woman vote by nine points. leading up he was down as much as 24 points. so what was the problem? was it his refusal to support a violence against women act as attorney general? >> yep. >> was it opposing abortion even in cases of rape or incest? maybe it was writing legislation to defund planned parenthood. you know what? i'm way off. it must have been his support for parenthood or personhood rather, a measure that's so extreme even mississippi voters rejected it. one thing is for sure, when you have 20% of the voters in virginia saying abortion is the number one issue for them, not the economy, not health care, abortion, and 61% of them saying abortion should be all or mostly legal, you're pretty much screwed if you're the cuch. this has been and continues to be a broader problem for the republican party. try googling gop women. first thing that comes up is gop women problem, not gop women in

congress, not gop women's rights, and not gop women's support which is not totally surprising given some of the ignorant comments from men within the party. the party remains stuck in a rut. guys, maybe you should have taken advice from colbert when he offered it. >> come here, come here. fellas, you may not be aware of this, but in 1920 women got the right to vote, and since then among likely voters, rape's approval rating has plummeted. >> here is my attempt. women vote more than men do, and they have since 1964. in 2012, for example, 53% of the electorate was women. republican or democrat, our votes do matter, and with virginia recently being the barometer of the nation's political temperature, the national party should take heed. women are not abortion machines and in cases of legitimate rape

our bodies don't have ways to shut the whole thing down. take a cue from strong female voices within your own party like governor rick perry's wife anita. she said, i see it as a woman's right. if they want to do that, that is their decision. they have to live with that decision. just like it's a man's right if he wants to have some kind of procedure. or barbara bush, for example, who for decades has called on the republican party to drop an anti-abortion plank from its platform. these women are pro life but they're able to empathize with the tough decisions some women have to make. to be clear i'm not calling on the republican party to be pro choice but it can approve and talk about the issue in a sensible and respectful way. the latest competition between rick perry, lindsey graham, and others who see who can put forward the most conservative anti-abortion bill doesn't help the national gop brand. it's time to listen to the women

right in front of you, the women in your families, at your office, and in your party. it's time to take us seriously because at the end of the day, we could all use a few more female friends and i'm pretty sure hillary clinton will have some she will be calling to hang out in 2016. that does it for "the cycle." martin, it's all yours. >> it's thursday, november 7th, and woe is the burden of chris christie. may the blood-letting begin. >> that's a pretty huge ego. >> we need moderates like chris clibs christie. >> stop annoying me. >> shows shown a way of womening in new jersey. >> there's only one group to blame, the house majority and their speaker. >> he said it's because there's not enough compromise. >> shame on congress. >> i think it is